Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19294
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dc.contributor.authorSchnabl, Guntheren_US
dc.date.accessioned2009-01-28T15:57:06Z-
dc.date.available2009-01-28T15:57:06Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19294-
dc.description.abstractAlthough most CIS and East Asian countries are de jure classified as free floaters, theyde facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of shorttermand long-term payment flows as reasons for exchange rate stabilization. Based onthe analysis of ?competitive depreciations? and ?competitive appreciations? among theCIS and East Asian currencies it is argued that the adherence to a common externalanchor currency enhances macroeconomic stability. Finally, the potential of euro andruble (CIS) as well as yen and yuan (East Asia) to challenge the dollar as anchorcurrencies in the respective regions is explored.en_US
dc.language.isoengen_US
dc.publisher|aHamburg Institute of International Economics (HWWA) |cHamburgen_US
dc.relation.ispartofseries|aHWWA Discussion Paper |x326en_US
dc.subject.jelF32en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.subject.keywordCISen_US
dc.subject.keywordEast Asiaen_US
dc.subject.keywordInformal Dollar Standarden_US
dc.subject.keywordLiability Dollarizationen_US
dc.subject.keywordAsset Dollarizationen_US
dc.subject.keywordCompetitive Depreciationen_US
dc.subject.keywordCompetitive Appreciationen_US
dc.subject.stwWechselkurspolitiken_US
dc.subject.stwReservewährungen_US
dc.subject.stwWährungssubstitutionen_US
dc.subject.stwWechselkurssystemen_US
dc.subject.stwGUS-Staatenen_US
dc.subject.stwOstasienen_US
dc.titleInternational Capital Markets and Informal Dollar Standards in the CIS and East Asiaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn497861836en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:hwwadp:26192-

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